Eagle Point Income Company Inc. (NYSE:EIC) Announces $0.11 Monthly Dividend

Eagle Point Income Company Inc. (NYSE:EICGet Free Report) declared a monthly dividend on Thursday, November 13th. Shareholders of record on Monday, January 12th will be given a dividend of 0.11 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date is Monday, January 12th.

Eagle Point Income Stock Performance

Shares of NYSE EIC traded down $0.20 during trading on Friday, reaching $11.79. The company had a trading volume of 64,069 shares, compared to its average volume of 251,821. Eagle Point Income has a twelve month low of $11.68 and a twelve month high of $16.39. The stock has a 50-day moving average price of $12.82 and a two-hundred day moving average price of $13.27.

Eagle Point Income (NYSE:EICGet Free Report) last announced its earnings results on Thursday, November 13th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EIC shares. Zacks Research raised shares of Eagle Point Income from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. LADENBURG THALM/SH SH raised Eagle Point Income to a “strong-buy” rating in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

View Our Latest Analysis on EIC

Eagle Point Income Company Profile

(Get Free Report)

About Eagle Point Income Company is a non-diversified,closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in junior debt tranches of CLOs. In addition, the Company may invest up to 20% of its total assets (at the time of investment) in CLO equity securities and related securities and instruments.

Further Reading

Dividend History for Eagle Point Income (NYSE:EIC)

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